Splash Beverage Group, Inc. (SBEV) Correlation Distribution
Across 6,804 rolling correlation observations between Splash Beverage Group, Inc. (SBEV) and other NASDAQ-listed stocks, 67.8% are positive and 32.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.231, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.3% and strong negative correlations (≤−0.7) for 8%.
- Total observations
- 6,804
- Mean correlation
- 0.231
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.8%
- Strong positive (≥0.7)
- 22.3%
- Sector
- Beverages
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 269 | 4.0% | |
| -0.8 to -0.7 | 268 | 3.9% | |
| -0.7 to -0.6 | 318 | 4.7% | |
| -0.6 to -0.5 | 318 | 4.7% | |
| -0.5 to -0.4 | 219 | 3.2% | |
| -0.4 to -0.3 | 218 | 3.2% | |
| -0.3 to -0.2 | 193 | 2.8% | |
| -0.2 to -0.1 | 192 | 2.8% | |
| -0.1 to 0.0 | 194 | 2.9% | |
| 0.0 to 0.1 | 193 | 2.8% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 209 | 3.1% | |
| 0.3 to 0.4 | 377 | 5.5% | |
| 0.4 to 0.5 | 377 | 5.5% | |
| 0.5 to 0.6 | 864 | 12.7% | |
| 0.6 to 0.7 | 863 | 12.7% | |
| 0.7 to 0.8 | 746 | 11.0% | |
| 0.8 to 0.9 | 746 | 11.0% | |
| 0.9 to 1.0 | 27 | 0.4% |
Frequently asked questions
What is the average correlation of SBEV?
Splash Beverage Group, Inc. (SBEV) has an average correlation of about 0.231 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is SBEV positively correlated with other stocks?
Mostly yes — 67.8% of pairs are positive and 32.2% are negative. Strong positive correlations (≥0.7) make up 22.3%.
What is the most common correlation range for SBEV?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 17.5% of all pairs.
Explore the full interactive correlation distribution for SBEV.
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